Why do people mess with TTS?

[tvwalsh]

I have seen so many listings on TTS that have been up for a very long time with too high of a price and no reductions at all. Are these people serious about selling? Have they asked for help in arriving at a price?

I listed and sold five contracts in the last two years. I discussed the listing price with the agent and considered their advice. I lowered my price by a dollar every week or two on the three contracts that did not sell at the asking price.

If you are just messing with the agents and have no desire to sell, find some other hobby!

 

[Laurabearz]

Why do you care what people ask for their points?

 

[tvwalsh]

Why do you care what people ask for their points?

Kind of snotty, wouldn't you say?

 

[CraftyMouse]

Kind of snotty, wouldn't you say?

It didn't seem that way to me. I think it's an honest question. With others asking more for their points it will only make your more-reasonably-priced points seem more attractive. Let others charge what they want and have their contracts go unsold.

 

[figment795]

Kind of snotty, wouldn't you say?

 

[BWV Dreamin]

This is from the same poster who wanted know "why his contracts weren't selling?" I guess someone told him he needed to drop his prices.....

 

[ACDSNY]

OK, I'll give you my two cents worth...

I've had a small contract up for sale since June. TTS gave me the price to list it at, but we can't close until Nov due to an II exchange. I don't have to sell my contract so why should I drop a small contract price down to where the large contract prices are? If it sells at the listing price that's fine, if not I'll keep it.

 

[Laurabearz]

Kind of snotty, wouldn't you say?

That coming from someone who said this....

If you are just messing with the agents and have no desire to sell, find some other hobby!

Is just silly

Why do you care what people ask for their points?

And really... Why do you care what someone else askes for their points? Do you work for TTS?

 

[WolfpackFan]

Sometimes I'm just amazed at the threads that get started on this message board. And also the things that really seem to bug people.

 

[DisDaydreamer]

I have seen so many listings on TTS that have been up for a very long time with too high of a price and no reductions at all. Are these people serious about selling? Have they asked for help in arriving at a price

It all has to do with neeeeeed. Do you neeed to sell or do you just want to sell. If I need to sell I price it to sell. If I just want to sell, I price it to get what I want.

 

[Mike©]

I have seen so many listings on TTS that have been up for a very long time with too high of a price and no reductions at all. Are these people serious about selling? Have they asked for help in arriving at a price?

I listed and sold five contracts in the last two years. I discussed the listing price with the agent and considered their advice. I lowered my price by a dollar every week or two on the three contracts that did not sell at the asking price.

If you are just messing with the agents and have no desire to sell, find some other hobby!

You DON'T have ESP.
You DON'T know why other people are selling.
You DON'T have all the answers to every situation.
You ARE very rude.

Have a Zippity Do Dah Day !

 

[childsplay]

It all has to do with neeeeeed.

That would be my assessment as well. It really depends on how motivated the seller is. Having followed some your threads TVWALSH I think it would be fair to place you in the "motivated seller" category, and that's fine, you had a game plan that hinged (at least in part it seemed) on being able to move your existing contracts. Not all sellers are in the same position. Factor in that it costs them (the seller) nothing to list and I can see why some are in no hurry to reduce price, because they are in no hurry to sell.

 

[dzorn]

If you are not in any hurry to sell why change the price?

Denise in MI

 

[lapeter]

My answer to this is that in this economy, most real estate will continue to go down in price including DVC. My Econ 101.
Al

If you are not in any hurry to sell why change the price?

Denise in MI

 

[snackyx]

My question: there are listings (with several brokers) that are advertising point prices well below the ROFR limit (OKW at $61/point??). Are the brokers being honest to buyers that these contract will most likely NOT go through? I can see where the broker would make out like a bandit--push through several contracts that you know will not pass ROFR and have Disney make the sale--the broker gets paid with every contract submitted. Then repeat the process until a contract passes ROFR. Hmmmmm.

 

[tjkraz]

My question: there are listings (with several brokers) that are advertising point prices well below the ROFR limit (OKW at $61/point??). Are the brokers being honest to buyers that these contract will most likely NOT go through? I can see where the broker would make out like a bandit--push through several contracts that you know will not pass ROFR and have Disney make the sale--the broker gets paid with every contract submitted. Then repeat the process until a contract passes ROFR. Hmmmmm.

I'm not sure that I would consider it to be more above-board for a resale broker to advise a buyer to ignore a lower priced contract in favor of a more expensive one.

 

[ACDSNY]

I'm not sure that I would consider it to be more above-board for a resale broker to advise a buyer to ignore a lower priced contract in favor of a more expensive one.

Especially when Disney has not been exercising ROFR very often over the last few months.

 

[snackyx]

Especially when Disney has not been exercising ROFR very often over the last few months.

According to the latest ROFR numbers posters in these forums, the lowest price for OKW points has been $70, with several in the mid to upper 70's and higher. When a listing at $61/point is advertised, do you really think DVC would let that fly? My only observation is whether the broker is up front with potential buyers about the feasibility of a contract with that low of a price/point getting by ROFR. I understand that the broker has nothing to lose--they get paid either way. The incentive would be to find another contract and submit it--collecting, of course, their commissions on each contract. Remember, with this system of ROFR the broker does not really care who buys the contract--the buyer or DVC. They are only concerened about getting the contract submitted--once submiited it is being purchased one way or another.

 

[childsplay]

My only observation is whether the broker is up front with potential buyers about the feasibility of a contract with that low of a price/point getting by ROFR.

I see what you are saying, but doesn't the brokers' fiduciary responsibility lie with the seller?

 

[ACDSNY]

Some buyers will always want to test Disney to see how low they can go. The brokers main responsibility is to the seller. The buyer should do their own research.

By the way, there have been OKW contracts passed under $70 this year. Do I personally think $61 will pass...no, but if the seller doesn't care then why can't they list it at that price.